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Accelerating Arizona’s New Tax Structure: Economic Impacts of Implementing the 2.50% Flat Tax in 2023

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In April, the Common Sense Institute (CSI) released its economic simulation of the long-run impacts of moving from an 8.00% progressive income tax structure to a 2.50% flat income tax in Arizona. That analysis found the state would have 58,800 more workers and add $11.9 billion to its economy by 2032 due to this change.

Inflation in Arizona: September 2022 Update

Inflation in Arizona: September 2022 Update

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Consumer prices in the United States continued their record ascent in August, rising 8.7% over the last 12 months and 0.1% over July. More distressingly, core inflation sharply accelerated to 0.6% (from 0.3% in July).

Common Sense Institute Arizona Belief Statement

We believe sound fiscal and economic research is essential to uphold Arizona’s economic vitality, future, and individual opportunity. 

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COMMON SENSE INSTITUTE ARIZONA’S MISSION

CSI Arizona’s mission is to examine the fiscal impacts of policies, initiatives, and proposed laws so that residents are educated and informed on issues impacting their lives. Common Sense Institute was founded in 2010 originally as Common Sense Policy Roundtable in Colorado. CSI’s founders were a concerned group of business and community leaders who observed that divisive partisanship was overwhelming policymaking and believed that sound economic analysis could help residents make fact-based and common sense decisions.

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